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In the latest in a series of China-U.S. trade disputes, China's Ministry of Commerce took...

In the latest in a series of China-U.S. trade disputes, China's Ministry of Commerce took preliminary measures to impose tariffs on certain nylon imports from the U.S. The ruling affects imports of Nylon 6, used to manufacture a variety of products, including toothbrushes and chiffon. Affected U.S. firms include BASF's (BASFY.PK) U.S. arm and Honeywell (HON).
Comments (5)
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    What a surprise - yet more backlash from Obama's Steel Workers Union appeasement tactic of a huge increase in tariffs on tires a few weeks back.
    20 Oct 2009, 11:24 AM Reply Like
  • Alexander_M
    , contributor
    Comments (33) | Send Message
     
    and the trade wars escalate...
    20 Oct 2009, 11:25 AM Reply Like
  • tripleblack
    , contributor
    Comments (13439) | Send Message
     
    The ball is now in Obama's court. Odds are good, though, that this is one of those products lacking "sex appeal" for the mass media, and the story will just get buried.

     

    If that happens, look for Obama to back down and do nothing.

     

    It will be MORE interesting to see what the Europeans and Russia do with their own tarrif fines from China. Russia in particular is unlikely to just let it go, whereas the EU plays these games constantly, and is by all accounts on the verge of cranking up a huge protectionist campaign of their own...
    20 Oct 2009, 11:36 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    I suspect this is just one of many such. For the tire tariff connection, it is here: www.dailyfinance.com/2.../

     

    "Accusing U.S. nylon manufacturers of dumping Nylon 6 on the Chinese market, China's Ministry of Commerce has made a preliminary decision to impose a steep 30 percent tariff on the material -- also known as polycaprolactam -- the agency's website says."

     

    The People's Republic said "Nylon 6 is widely used in the manufacture of hosiery, knitted garments, threads, ropes, filaments, nets and tire cords."
    20 Oct 2009, 11:46 AM Reply Like
  • elliotz
    , contributor
    Comments (251) | Send Message
     
    I am very intrigued to see how this turns out. On one hand Obama has his core and their big union supporters who accuse China of 'stealing' their jobs and supressing their wages and on the other hand he has China who has about 2 trillion in reserves and with whome the U.S cannot enter into a tariff war with China will not boaed well the U.S especially since we need to bring down the defecit. Lets see what Barry does.
    20 Oct 2009, 11:53 AM Reply Like
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